Vietnam CPI in March to Signal Full-year Trend: Senior Analyst
History has shown CPI in March will indicate the trend for the full-year trend, said Vu Dinh Anh, deputy director of the Price and Market Research Institute under the Ministry of Finance.
If CPI in March falls below 0.5% the year inflation may be under 10%, and in case it is over 0.5%, double digit inflation is more likely, Anh said.
CPI in March will be high after recent fuel price hikes and the approved plan to raise electricity rate effective in month, Anh explained.
Economists shared a common consensus that inflation will also be high in April and May as a results of loosened monetary policy in 2009, and a top task for the government is to curb high inflation, Anh predicted. (Saigon Economic Times)
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